Millicom agrees to buy Entel Peru for US$1.71 billion

• Millicom agreed to acquire Entel Peru for US$ 1.71 billion, including lease liabilities, valuing it at 5.0 times estimated 2026 EBITDA before synergies.
• Closing is expected in early December 2026, subject to closing conditions, expanding the group's footprint to 13 markets.
• Funding combines local financing and cash; payments comprise 65% at closing, 10% after 12 months and 25% after 18 months.
• The acquisition is expected to boost equity free cash flow in the first year following completion.
• Year-end 2026 leverage is expected to remain around 2.5 times, including the acquisition, with no adverse impact on planned shareholder distributions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Millicom International Cellular SA published the original content used to generate this news brief on November 13, 2026, and is solely responsible for the information contained therein.